There is a new pilot federal program which is designed to assist homeowners obtain low interest loans to make energy efficient improvements to their homes. This will be especially helpful for New York City and Long Island homeowners who pay some of the highest energy expense bills for utilities in the country.
The Federal Loan Program is designed to loan money to homeowners to make their home more efficient, which in the long run will reduce the United States overall dependency on costly foreign oil.
Renovations
The loans under this new program can be used for new heating systems, installing energy efficient windows and adding insulation to walls and attics by homeowners. Homeowners who qualify for this program can borrow up to $25,000 at interest rates between 5-7%. There are 18 institutions throughout the United States who will process these home loans. It is anticipated that more than 30,000 loans will be made in the next three to four years under this program.
New York Program
In addition to this federal program, there is a program called the New York State Energy Research and Development Authority Program. This offers low interest loans of up to $13,000 for renovations by homeowners.
Energy independence is worthwhile goal. Every time I pull up to the gas pumps, I think about how much better America would be if we had alternate means of heating our homes and powering our cars.
Long Island Foreclosure Defense Lawyer
We provide foreclosure defense legal services for our clients. We help them with mortgage modifications. We deal with mortgage modification programs that fail to meet our clients’ needs. We litigate defective mortgages, predatory lending, defective foreclosure lawsuits and other real estate related problems. We make court appearances at foreclosure court conferences for our clients. We file foreclosure related bankruptcies, either Chapter 7 or Chapter 13 bankruptcies on behalf of our clients. We discuss with our clients re-establishing their credit and which is the best route to stop their pending foreclosure proceedings from moving forward.
At the time of our initial consultation, we discuss all foreclose defense options with our clients. We hope we see you visiting our foreclosure blog again. Call for a free consultation.
